PYMNTS.com November 5, 2023
Already a multibillion-dollar industry, telemedicine’s value is projected to jump fivefold in nine years.
That’s according to a recent report by Emergen Research, showing the global telehealth market reaching around $450 billion in 2032, compared to $84 billion last year.
The report cites a number of factors driving this growth: a worldwide shortage of healthcare workers, innovations in Internet of Things technology, rising demand for remote health and increased use of smartphones.
Emergen contends the software segment of the telemedicine sector will see the fastest growth in revenue over the next nine years, while the services segment will be the largest contributor of revenue overall.
The company also says the telehome segment will see a jump in revenue during the...
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